Harbinger took stake in MMX long time ago because they thought Jack Hills is a hot project.It turned out to be not. It's very critical situation for MMX now,that their project value is already down & Sino already started controlling MIS.In this situation if they lose the infra,it will be disastrous for MMX. Well I think harbinger is playing their cards right.Also I beleive MIS is turning out to be hotter than expected.(Their recent announcement on Weld Range tells the story!). Thats one of the reasons harbinger is investing in MIS & David Law doesn't want to sell his stake. As I told before, Infra is very critical for MMX.
MMX Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
